Esker Blog
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Tired of manual process of matching incoming payments? In today's fast-paced business environment, finance professionals need to optimise every process, especially cash application. This crucial function can be a major time drain and a source of errors if not handled efficiently. But fear not!...
What is Accounts Payable in Accounting? Accounts payable (AP), often referred to as payables, is a critical function within any business. It involves managing and tracking the money your company owes to its suppliers and vendors for goods and services received. While it might seem like a behind-...
Corporate sustainability transcends mere compliance with corporate social responsibility metrics. It has evolved into a strategic imperative — one that directly impacts long-term value creation. Finance executives must recognise that sustainability isn’t just about mitigating risks; it also...
Esker Continues Doing “BIG” Things in the World of Customer Service Esker was recently recognised as a 2024 finalist for BIG’s Excellence in Customer Service Awards. It has been said ad nauseum, but that doesn’t make it any less true: Customer service has never been more important. That’s why,...
Have you noticed? There’s a new acronym showing up in the Finance and Procurement scene: S2P. Standing for “source-to-pay,” it’s not just a rebrand for procure-to-pay (P2P). Rather, it’s an expanded approach to managing and optimising the process of procuring goods and services by starting at the...
In today’s fast-paced business environment, managing collections efficiently is crucial for maintaining healthy cashflow and minimising manual workload. Collections management automation offers a solution by streamlining processes, reducing errors and accelerating payment cycles. Traditional...
In the dynamic landscape of Procurement, where efficiency and cost-effectiveness reign supreme, the emergence of eSourcing has transformed the way businesses manage their sourcing processes. In this comprehensive guide, we delve into what is eSourcing, its mechanics and the myriad benefits it...
In today’s rapidly evolving business landscape, automation in procurement, sometimes referred to as e-procurement, is increasingly becoming the standard practice. With technological advancements driving the change, companies are seeking new, innovative ways to enhance supply chain management,...
In the rapidly evolving business landscape, strategic procurement decisions have emerged as a cornerstone for enhancing efficiency and driving cost savings. The adoption of an integrated approach, particularly through e-procurement and source-to-pay (S2P) processes, underscores a forward-thinking...- Country updates EUROPE BELGIUM – Adopted by the parliament in early 2024, B2B e-invoicing mandate has been postponed from July 1, 2024 to January 1, 2026. Additional information is expected in the coming months. E-invoicing system: PEPPOL Deadline: January 1, 2026 for all businesses Official...
- Applicable starting January 1, 2025, for the 2024 Financial Year, the Corporate Sustainability Reporting Directive (CSRD) sets new standards and requirements for non-financial reporting. This European Union directive upon the EU’s Green Pact - a commitment to establishing carbon neutrality by 2050...
In the realm of business operations, staying abreast of regulatory requirements is paramount. In Singapore, the implementation of GST InvoiceNow by the Inland Revenue Authority (IRAS) represents a significant milestone in the digitisation of invoicing processes. On 15 April 2024, the Inland...
The source-to-pay (S2P) process is a critical component of Procurement, encompassing the entire lifecycle of purchasing activities within an organisation. Beginning with sourcing suppliers and negotiating contracts, it extends through purchase requisition, order placement, invoice processing, and...
New day, new challenges While some things always stay the same, for better or for worse, other things keep changing (also for better or for worse). If you’re the CFO or financial head of a business, you are in a prime position to influence how change is handled. And in addition to the “usual”...
Control what you can control. It’s a mantra that many accounts receivable (AR) departments would be wise to observe. With so many external factors impacting cashflow (high interest rates, elevated inflation, etc.), the last thing today’s AR leaders and their teams need are internal obstacles...
In its Top 5 Finance Trends and Priorities for CFOs in 2024, Gartner says economic headwinds have forced CFOs to look beyond temporary measures and find new ways to lead finance through digital transformation. The analyst forecasts that through 2025, more than 40% of finance roles will be...